Sun, Oct 17, 2021 @ 02:46 GMT
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France PMI services finalized at 56.6, in good stead for strong growth in summer

France PMI Services was finalized at 56.6 in May, up from April’s 50.3. PMI Composite was finalized at 57.0, up from April’s 51.6.

Shreeya Patel, Economist at IHS Markit said: “Latest PMI data indicated a strong improvement in business activity across the French service sector after virus-related restrictions eased in May… Stronger demand, particularly from the domestic market, underpinned the uplift…

“That said, output was somewhat hindered by capacity constraints after a softer increase in headcounts contributed to a marked rise in backlogs. Nevertheless, the upturn across France’s private sector, and a rising vaccination rate will place the country in good stead for strong growth as we head into the summer.”

Full release here.

 

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